Magic Johnson Joins Forces with Billionaire to Acquire NFL Team
NBA legend Earvin “Magic” Johnson and billionaire Josh Harris have teamed up to buy the NFL team, the Washington Commanders.
This partnership aims to enhance the NFL’s global presence and reinforce its position in sports entertainment.
Magic Johnson, a five-time NBA champion and ex-Los Angeles Lakers player, is well-versed in sports team ownership. Johnson’s sports management experience, coupled with his iconic status, makes him a strong contender for NFL team ownership.
Josh Harris, Apollo Global Management’s co-founder, also has sports team ownership experience. Harris owns the majority of NBA’s Philadelphia 76ers and NHL’s New Jersey Devils. Harris’s financial prowess and sports management expertise, combined with Johnson’s sports business know-how, form a strong alliance capable of making a significant impact on professional football.
The NFL aims to increase diversity among team owners. By partnering with Magic Johnson, a high-profile African American businessman, the league would show its commitment to inclusivity and expanding its appeal to a diverse audience.
The Johnson-Harris partnership focuses on the Washington Commanders, which could bring fresh energy and vision to the franchise. The team has been working on revamping its brand and image since its name change from the Washington Redskins in 2020. With Johnson and Harris’s resources and experience, the Commanders could see a revival both on and off the field.
If the acquisition succeeds, Magic Johnson and Josh Harris’s partnership could mark a new era for the NFL. This would bring increased diversity to team ownership and create exciting prospects for Washington Commanders’ fans and players.